For the year ending 2025-12-31, PGR had -$16,000K decrease in cash & cash equivalents over the period. $17,200,000K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 11,308,000 | 8,480,000 | 3,902,400 | 721,500 |
| Depreciation | 313,000 | 284,000 | 285,500 | 305,600 |
| Amortization of intangible assets | - | - | 14,200 | 31,000 |
| Net amortization (accretion) of fixed-income securities | 124,000 | 30,000 | -41,400 | 25,200 |
| Amortization of equity-based compensation | 132,000 | 122,000 | 121,300 | 122,700 |
| Net realized (gains) losses on securities | 727,000 | 264,000 | 353,100 | -1,912,200 |
| Net (gains) losses on disposition of property and equipment | -16,000 | -13,000 | -36,200 | 600 |
| Goodwill impairment | - | 0 | 0 | 224,800 |
| Premiums receivable | 993,000 | 2,411,000 | 1,541,300 | 1,017,400 |
| Reinsurance recoverables | -682,000 | -329,000 | -738,200 | 851,600 |
| Prepaid reinsurance premiums | -152,000 | 99,000 | -45,700 | -162,100 |
| Deferred acquisition costs | 83,000 | 274,000 | 143,000 | 188,800 |
| Income taxes | -200,000 | -358,000 | 181,200 | -515,300 |
| Unearned premiums | 1,361,000 | 3,724,000 | 2,840,100 | 1,677,800 |
| Loss and loss adjustment expense reserves | 4,253,000 | 4,668,000 | 4,029,900 | 4,195,200 |
| Accounts payable, accrued expenses, and other liabilities | 1,556,000 | 1,236,000 | 699,600 | 199,500 |
| Other, net | 98,000 | 301,000 | 255,000 | 104,700 |
| Net cash provided by operating activities | 17,548,000 | 15,119,000 | 10,643,300 | 6,848,800 |
| Fixed maturities | 49,625,000 | 47,778,000 | 25,776,900 | 26,510,400 |
| Equity securities | 187,000 | 168,000 | 86,600 | 158,100 |
| Fixed maturities | 35,701,000 | 25,634,000 | 8,234,400 | 14,055,200 |
| Equity securities | 266,000 | 267,000 | 791,300 | 1,496,100 |
| Fixed maturities | 8,518,000 | 7,006,000 | 4,990,300 | 5,380,300 |
| Equity securities | 275,000 | 110,000 | 65,200 | 83,600 |
| Net (purchases) sales of short-term investments | 9,282,000 | -1,217,000 | -1,155,700 | 1,868,200 |
| Net change in unsettled security transactions | 75,000 | 171,000 | -11,200 | -177,800 |
| Acquisition of protective insurance corporation, net of cash, cash equivalents, and restricted cash equivalents acquired | - | - | 0 | 0 |
| Purchases of property and equipment | 348,000 | 285,000 | 252,000 | 292,000 |
| Sales of property and equipment | 80,000 | 77,000 | 47,200 | 35,100 |
| Net cash used in investing activities | -14,527,000 | -13,749,000 | -10,842,600 | -7,956,200 |
| Dividends paid to common shareholders | 2,871,000 | 674,000 | 234,000 | 234,000 |
| Acquisition of treasury shares for equity award tax liabilities | 92,000 | 121,000 | 95,000 | 76,700 |
| Acquisition of treasury shares acquired in open market | 74,000 | 13,000 | 45,700 | 22,300 |
| Redemption of preferred shares | 0 | 500,000 | - | - |
| Dividends paid to preferred shareholders | 0 | 8,000 | 43,600 | 26,800 |
| Net proceeds from debt issuance | 0 | 0 | 496,300 | 1,486,000 |
| Payment of acquired company debt | - | - | 0 | 0 |
| Payments of debt | - | - | 0 | 0 |
| Acquisition of additional shares of arx holding corp | - | - | - | 0 |
| Proceeds from exercise of equity options | - | - | - | 0 |
| Net cash provided by (used in) financing activities | -3,037,000 | -1,316,000 | 78,000 | 1,126,200 |
| Increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents | -16,000 | 54,000 | -121,300 | 18,800 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents beginning of year | 154,000 | 100,000 | 220,900 | 202,100 |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents end of year | 138,000 | 154,000 | 99,600 | 220,900 |
PROGRESSIVE CORP OH (PGR)
PROGRESSIVE CORP OH (PGR)